New ADV Filers
OWL provides our users with several unique data sets and features to source small and emerging managers. Two examples include using new 13F filings and OWL’s unique team change alerts , both of which can be used to find interesting managers before they are discovered by your peers.
Another great method for this is tracking new ADV filings. Most managers file and update their ADVs around the end of March, and OWL has collected the entire dataset, which powers several different features on the platform. For this week, our team sorted through more than 400 managers who recently filed their first ADV to highlight the 13 managers below. Some of these are recent launches, while a few are more established managers who recently crossed the threshold for ADV reporting.
Alamut Investment Management
Location: London
Key Person:Faiz Bhanji
AUM: $62 million
Note: Concentrated equity; ex-Naya Capital
Alluvial Capital Management
Location: Pittsburgh
Key Person: David Waters
AUM: $105 million
Note: Micro-caps, illiquid assets, and special situations
Ashcroft Partners
Location: Aspen, CO
Key Person: Jarett Banks
AUM: $125 million
Note: Ex-Appaloosa and Andalusian Private Capital (Tepper-backed)
Delta Accumulation
Location: Sausalito
Key Person: Josh Piestrup
AUM: $227 million
Note: Long volatility; single-name US equity; ex-Peter Thiel family office
East Wave Partners
Location: Boston
Key Person: Josh Plavner
AUM: $100 million
Note: Uncorrelated/multi-strat; ex-Bain Capital, White Elm
Endure Capital Management
Location: Austin
Key Person: Ryan Simes
AUM: $61 million
Note: ex-Apollo; focus on “cinches” as defined by Charlie Munger
Explore Capital Management
Location: Dallas
Key Person: Sumeet Jaisinghani
AUM: $114 million
Note: Public equity, ex-Saban family office
Four Lion Capital
Location: Mumbai/NYC
Key Person: Dhruv Goyal
AUM: $50 million
Note: Long-only, concentrated India
Hanabi Capital Management
Location: Palo Alto
Key Person: Mike Volpi
AUM: $174 million
Note: VC; ex-Index Ventures partner
Mission Trail Capital Management
Location: Austin
Key Person: Joshua Braden and John-Paul Sullivan
AUM: $115 million
Note: Ex-Bares Capital, Long Path
Protium Capital
Location: Hong Kong
Key Person: Lu Ning
AUM: $170 million
Note: China long/short; ex-Hillhouse
Series X
Location: San Francisco
Key Person: Gideon Yu
AUM: $285 million
Note: VC fund known for backing Alphabet spinouts
Smoak Capital
Location: Parker, CO
Key Person: Daniel Smoak
AUM: $39 million
Note: Concentrated, fundamental equity; publicly posts letters and performance
Recent Buys/Sells
WEX –mpactive Capital reduced its position in the payments company by 7% on 5/2. The fund still owns 7% of the company.
Corvus Pharmaceuticals –Orbimed reduced its position in the immunotherapy company by 40% on 4/29. Samlyn, RTW, and Deerfield also hold positions in the company.
AKO increased its short positions in 9 European companies between 4/19 and 5/2
Other News/Events
New Tech Fund Backed by Jeff Bezos Courts Individual Investors
The Art of Firm Building: 14 Insights from Dennis Hong, ShawSpring Partners
TPG to Acquire Peppertree Capital Management
WVU’s new CIO starts at ‘difficult time to allocate’ endowment capital
Citadel Lobbies for Four-Year Non-Competes in Home State of Florida
Hedge Fund Goes on Losing Streak After Locking In Investors
MIT Joins Deluge of Colleges Selling Bonds Amid Funding Threats
Northwestern CIO Warns of ‘Destructive’ Tax on University Funds
Venture Capital, an Ailing Asset Class
Interview with Chris Hohn (TCI)
Interview with Whit Matthews, Highvista Strategies
Partners Capital names head of secondaries
Please reach out anytime with questions, comments, suggestions, or ideas!
-The OWL Team
About Old Well Labs (OWL)
OWL is an intelligence platform built for allocators, by allocators. Leading endowments, foundations, and family offices use the system to find, monitor, and connect with thousands of fund managers globally. OWL's analytics engine has collected over one billion data points from 65 countries. We make it easy for allocators to find and track information about the managers they care about – not just positions but also performance analytics, people data, business information, and details about the manager investments of other allocators.
Please feel free to selectively share these updates with high-quality allocators who might be interested in learning more about the system.
Reach out to learn how OWL can help you find, monitor, and connect with fund managers globally